04/20/2012 Live Update

[BullBear52x]

little bore? here is an update on USO/SPX HUGE picture since '09

shorter term something is coming for bears.

[MrMiyagi]

I'm wondering if some entity somewhere with a lot of AAPL holdings knows that the report will not be good?
Perhaps all this selling is from Mutual funds or big guys with lotsa cash that are above the law (or maybe Steven Seagal).

[knock]

Cobra, can you take a look at ZNGA? it seems bottom is formed.

probably more down ahead. the rebound if any is sell, so.

much appreciated!

[Al_Dente]

Trin 5 min
It just means that advancing stocks aren’t getting any volume
(compare here to 17 april when advancing stocks got PLENTY of volume)

[BullBear52x]

http://www.youtube.com/watch?v=WM8bTdBs ... DIMcteE06w

[Carlos]

little bore? here is an update on USO/SPX HUGE picture since '09

spy.JPG

shorter term something is coming for bears.

1.JPG

i saw that too.. tendency is down... that's why I don't want to risk betting on upswing...... Thing is may daily long term chart shows an upswing.. but the weekly one shows the downswing....

It's only a matter of time.. playing the drop is less risky

[Al_Dente]

little bore? here is an update on USO/SPX HUGE picture since '09

spy.JPG

shorter term something is coming for bears.

1.JPG

Little bore?
http://www.youtube.com/watch?v=8Y99tXNxV5s

[BullBear52x]

little bore? here is an update on USO/SPX HUGE picture since '09

The attachment spy.JPG is no longer available

shorter term something is coming for bears.

The attachment 1.JPG is no longer available

i saw that too.. tendency is down... that's why I don't want to risk betting on upswing...... Thing is may daily long term chart shows an upswing.. but the weekly one shows the downswing....

It's only a matter of time.. playing the drop is less risky

yes, don't get me wrong, short term it is what it is. buy until it's not.

[giggleeyes]

another h2 or h3 long, this time might have a better chances because it could be a very small double bottom here.

Hi Cobra,
Sorry I need to ask you some stupid question as I don't understand some terms you used. Can you let me know what's the meaning of C&H, OR, h2, h3 that you mention a lot in the post?

Thank you,

go to "Getting Started" in this board, you'll see OR, h2.

C&H is cup with handle formation.

I see it. Thank you very much!!

[TraderJoe]

In the old days Option Expiration equaled Volume. I guess no more?

[BullBear52x]

We see HOD, me thinks

[uempel]

Enjoy your weekend, I can't trade this Bye guys!

[Denali92]

After looking at almost every opex week since 1998 (just have not reviewed a few in the mid 00s), I have YET to find an OPEX week that had a Monday low and a Tuesday high on the SPX - we are either in VERY unusual times OR the BULLS will take this up near the close to get a slight new high for the week...

The usual patterns are Monday low, then Thursday or Friday high or TUESDAY top and Thursday or Friday low.... well, right now SPX has a MONDAY low and a Tuesday high - definitely different....

Still expect Monday or Tuesday to present a turn as 80% of the time WHEN there has not been EXTREME price action during opex, there is a turn on the Monday or Tuesday or (VERY rarely), the Wednesday after opex.... November 2011 was the only recent exception and that had the DOUBLE WHAMMY of a Moon / post Holiday MAJOR BOTTOM!

-D

[TraderGirl]

Enjoy your weekend, I can't trade this Bye guys!

Bye uempel, have a nice weekend!

[torus]

20p ema penetration on 5' SPY . . .

[torus]

20p ema penetration on 5' SPY . . .

Probably just Brownian motion I suppose.

[KENA]

Back for a quick rest and I looked at the 15min charts on all 4 indexes and the Stoh's are at 100% and starting to turn dn.This may be a dead cat bounce so bulls take caution..If you guys know if the mkt will gap dn Mon,Let me know???

[MrMiyagi]

If you guys know if the mkt will gap dn Mon,Let me know???

I'm leaning on that side of the boat.

[Cobra]

hopefully an ascending triangle here.

[knock]

<quote>
There will be some drama, and few splashy headlines out of the G-20 meeting in D.C. this weekend. Europe is cracking up (again), and the IMF and big guns of the G-20 will spout about “expanded firewalls” and “global co-ordination” in the final communique Sunday evening. If we don’t get a big dose of “happy talk” then the markets will crap out.
</quote>